Browsing Department of Economics (ECO) by Subject "Liquidity Effect"

Title:Slow Money Dissemination
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Author(s):ENDERS, ZenoDate:2006Type:Working PaperSeries/Number:EUI ECO; 2006/25Abstract:A model of limited participation in the asset market is developed, in which varieties of
consumption bundles are purchased sequentially. By this, heterogeneity in money holdings and in
the effective elasticity of ...